In the crypto world, Liying: The Bitcoin bull market is still ongoing as of 12.2! The major trend remains strong! Latest market analysis.
Article published on 2024.12.2—03:10.
The current price of Bitcoin is 97,200. Liying asks if everyone has hopped on this wave. For two consecutive days, I reminded everyone about the entry point at 96,000. Although we took profits at 97,000 for a 1,000 point gain, not all positions were closed. There are still some left open. The target is simple: observe the impact at the 100,000 mark before making further decisions, as the major trend is still bullish. The current frenzy has ended, and it remains a bull market; naturally, the trend is bullish, so we should follow the trend.
Liying is still analyzing price trends. Currently, the market K-line is fluctuating between 97,000 and 98,000, forming a relatively stable oscillation range. A small bullish candle with a long lower shadow has appeared on the daily K-line, indicating certain buying support below. In the technical indicators, the MACD in the 4-hour cycle shows that DIF and DEA are close to the zero axis, and the MACD histogram has turned from negative to positive, suggesting a possible entry into a rebound phase. Liying reminds everyone to pay attention to subsequent changes in volume.
The current RSI value of the Relative Strength Index is 56.9, which is in the neutral zone, not entering the overbought or oversold state. The market sentiment is relatively stable. The trend indicator EMA7 has crossed above EMA30 and is far above EMA120, indicating a bullish short-term trend, but caution is needed for the risk of a pullback. The trading volume has increased, indicating heightened market activity. At this point, we shouldn't doubt whether the bull market is still present, but rather consider where the bull will go. Is 100,000 the top? Where will it go after breaking that? After all, the transition from five digits to six digits is quite significant.
Today's Liying Point Forecast
Long buy point at 96,000, add long at 95,000, stop at 94,500, target at 98,000.
Short sell point at 98,000, add short at 99,000, stop at 99,500, target at 95,500.
The above is a brief analysis by Liying regarding the current market situation, for investors' reference. Over ten years, Liying has continuously explored and experienced hundreds of different digital assets. Throughout this process, Liying has experienced the brilliance of bull markets and the gloom of bear markets, accumulating numerous precious experiences and profound lessons along the way. As a female trader striving in this challenging field, Liying feels a responsibility to share her insights, hoping to assist others with dreams to find their own position in this unpredictable market and embark on their own successful journey.
The content of the article is real-time and for reference only. Risks are borne by the reader.
